Global investment team redesign by AMP Capital

AMP Capital Australia has dumped two senior investment managers in a restructure of its global equities and fixed income teams.

Following the revamp, both head of global listed infrastructure, Tim Humphreys, and head of credit and core, David Carruthers, have left the business, AMP Capital said in a statement last week.

The reshuffle has seen AMP merge its listed infrastructure and listed real estate teams under Matthew Hoult in the newly-created position of head of global listed real assets. Hoult reports to David Allen, global head of equities, the AMP statement says.

James Maydew has assumed full responsibility for global listed real estate in a role he previously shared with Hoult.

Mark Beardow, AMP Capital CIO global equities and fixed income, said in the release: “Bringing the listed real assets businesses closer together is about more effectively delivering desired outcomes and generating alpha for clients.”

Meanwhile, the asset management business has overhauled its global fixed income team by promoting current head of macro, Ilan Dekell, to lead all “macro and core portfolio management activities”.

Both head of credit, Sonia Baillie, and credit and core senior portfolio manager, Nathan Boon, have been handed extra duties following the restructure. The pair, like Dekell, report to Simon Warner, head of global fixed income.

As well, AMP Capital has created two new fixed income roles – senior portfolio manager macro and credit portfolio analyst.

“Combined, these changes support our 2020 strategy across the global equities and fixed income teams,” Beardow said in the statement. “The strategy is about helping our clients meet their investment goals with more confidence, through generating differentiated sources of investment return, while also delivering more value.”